2 billion USD spent on feed imports
Feed and raw material import turnover increased by 4 percent in
November to reach 160 million USD, according to the Ministry of
Agriculture and Rural Development.
Feed and raw material import turnover increased by 4 percent in
November to reach 160 million USD, according to the Ministry of
Agriculture and Rural Development.
This figure, the ministry said, helped push the total feed import value in the first 11 months of the year to 2 billion USD, a surge of 100 million USD against the same period last year.
Doan Trong Ly, director of the Animal Production Processing and Import Export JSC, said that the figure excluded an additional 2 million tonnes of wheat and around 1 million tonnes of corn.
The Vietnam Feed Association attributed the increased export turnover to rising prices.
Association Chairman Le Ba Lich said that the price of raw materials used in feed production, of which the country still had to import 60 percent, had increased significantly.
As a result, the price of domestic feed has remained high, he added.
Since the beginning of the year, Argentina , India and the United States have been the largest exporters to Vietnam .
Around 23.4 percent of feed and raw materials came from Argentina while 21.6 percent was imported from India and 10.5 percent was sent from the United States ./.
This figure, the ministry said, helped push the total feed import value in the first 11 months of the year to 2 billion USD, a surge of 100 million USD against the same period last year.
Doan Trong Ly, director of the Animal Production Processing and Import Export JSC, said that the figure excluded an additional 2 million tonnes of wheat and around 1 million tonnes of corn.
The Vietnam Feed Association attributed the increased export turnover to rising prices.
Association Chairman Le Ba Lich said that the price of raw materials used in feed production, of which the country still had to import 60 percent, had increased significantly.
As a result, the price of domestic feed has remained high, he added.
Since the beginning of the year, Argentina , India and the United States have been the largest exporters to Vietnam .
Around 23.4 percent of feed and raw materials came from Argentina while 21.6 percent was imported from India and 10.5 percent was sent from the United States ./.
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